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CNN
Sep 29, 2012 1:00pm EDT
angry and so are my colleagues. >> on september 29th, the bill to save the economy went down to defeat in the house of representatives. >> the legislation has failed -- >> i'm very disappointed in today's vote. >> to the democrats and republicans who oppose this plan yesterday, i say, step up to the plate. >> investors panicked, the dow dropped 777 points. the biggest single day point loss to date. >> this is what brought us to the brink of collapse. >> wow. all because annie went and got a house that he could not afford? >> $1.2 trillion in market value wiped out in one day. it's really psychological at this point. >> congress quickly reconvened and four days later on october 3rd, it passed the $700 billion troubled asset relief program. >> congress has agreed to a broad deal that authorizes the treasury secretary to start releasing money to free up the credit systems. that may have been the last time persons witnessed bipartisan compromise on something that really mattered in washington. four years later and on the eve of another election, voters are being asked, are you bette
FOX News
Sep 29, 2012 10:00am EDT
plans and it comes as we find out the economy's slowing, and someone here says the economic patriotism will only cause this number to keep growing. and take the economy down for good. are they right? hi, everyone, i'm brenda buttner, this is bulls and bears, here are the bulls and bears, gary b smith, tobin smith. jonas max ferris. and welcome everybody. gary b, is economic patriotism exactly what the economy needs? >> well, not this version of economic patriotism. you know, i think this plan is going to do a lot more harm than good, brenda, especially to the country's bottom line. look, i went through the plan, obama's plan. i went through his tv commercial, three things jumped out that just didn't make any sense, one, he wants to-- one, he wants to cut tax breaks or companies that outsource. when companies outsource the net effect is to create more jobs that were here. people were able to buy goods cheaper because companies are able to make the goods cheaper and buy goods cheaper and spend more money in other sectors, two the other they think he wants to do, he wanted to invest in ed
CNN
Sep 29, 2012 6:30am PDT
. author of "death by china," peter, you call this a triple zero economy. the past ten years, zero jobs growth, zero wage growth, zero stock returns. which part of that equation is the most crippling? >> i think all of them. if you think about the middle class, where they need jobs, they need wage growth. we've seen average meaning household income actually go nowhere and importantly in their 401(k)s have become 201 ks, they need robust stock returns. if we're going to get wage growth and jobs growth clearly we have to do, as the guest said, we have to restore the manufacturing base. one good news i have in this triple zero economy, i think going forward the next decade for stock returns will be a lot better than the last decade. the reason is simple and somewhat troubling. first of all, if you think about the stock market here in america, it's physically located here but increasingly, its returns are located elsewhere. >> sorry to interrupt you. the very thing that's been a trend many would say hurtful for american workers is the thing that can help american investors because these are
FOX News
Sep 29, 2012 1:00pm EDT
mr. romney is expected to attack the president on economy, and foreign policy and so far we have not seen what he will do for a second term. so, what do you anticipate the president will have to do, jehmu, in order to get ahead of this foreign policy gap that's going on right now in the wake of the death of four great americans. i don't know, kelly, i disagree with you. we haven't seen from president obama what his next four years would be, we have not seen anything from governor romney on what his business-- his presidency would look like, all he's done is attack the-- >> during the debate. >> what he will do during the debate i think is remind the american people of his record on counterterrorism, and that is not something that governor romney is going to be able to poke any holes in, and i think he will also remind the american people of when it comes to the economy, that it's the turn around is going to take time. >> oh. >> and you've seen president clinton talk about why it took eight years to get us surpluses and i think it will be finally clear, because, unfortunately. >> jehm
MSNBC
Sep 29, 2012 12:00pm PDT
complicated answer, and a lot of it has to do with voter attitudes towards the economy, less so than voter attitudes toward president obama or mitt romney. in many ways, voters have gotten used to the idea of a poor economy, even a lackluster one. and they've kind of gotten used to it. a quarter of the people who said the country was headed in the wrong track are still supporting the president. so they've basically gotten used to the economy as the status quo. >> today in his weekly web address, lynn, the president blaming congress for not helping the economy. take a listen. >> last week, mortgage rates were at historic lows. but instead of helping more and more hard-working families take advantage of those rates, congress was away on break. instead of worrying about you, they'd already gone home to worry about their campaigns. >> lynn, is that a strategy that works? i mean, is there something to what he's arguing, regarding low mortgage rates and housing reform? >> well, he's doing, i believe, a preemptive strike in advance of the debate, where the focus is going to be on domestic i
FOX News
Sep 29, 2012 7:00am PDT
everybody. gary b, is economic patriotism exactly what the economy needs? >> well, not this version of economic patriotism. you know, i think this plan is going to do a lot more harm than good, brenda, especially to the country's bottom line. look, i went through the plan, obama's plan. i went through his tv commercial, three things jumped out that just didn't make any sense, one, he wants to-- one, he wants to cut tax breaks or companies that outsource. when companies outsource the net effect is to create more jobs that were here. people were able to buy goods cheaper because companies are able to make the goods cheaper and buy goods cheaper and spend more money in other sectors, two the other they think he wants to do, he wanted to invest in education and training programs. that's all well and good, brenda and we know that's going to cost millions and millions of dollars, but that's not how the economy works. >> gary b, it's spending more, what does that do to the debt? >> well, brenda, he tries to get up, up, up. when i went to work for ibm 30-odd years ago, the government didn't te
FOX News
Sep 29, 2012 11:00am PDT
. now $99.99. rethink possible. the economy needs manufacturing. mhines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's puttg more than $8 billion dollars back in the u.s. economy his year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real thin... for real. ...that make a real difference. ♪ >>. >> paul: from ohio to another important swing state. colorado where the candidates will meet next week in their first presidential debate. mitt romney has lot riding on his performance on wednesday night. what do they need to do in that debate and in the weeks ahead to shift the campaign narrative. let's ask wall street columnist dan hennington and dorothy rebenowitz and kim strausel. how far behind is mitt romney now? >> he is behind in nearly every swing state poll there is. now there is an argument campaign is making they are not nearly as far behind as the media polls but there is understanding that they have to make up some gr
PBS
Sep 29, 2012 12:00am PDT
presidential candidates focus on the economy, what do the mixed signals mean? we get perspective from two economists. >> woodruff: then, we go on board navy ships in the persian gulf to watch a massive military exercise aimed at securing the strait of hormuz. >> we need to be prepared to deal with mines go in the water. this exercise is focused on the mine trip and demonstrating our able to clear mines. we have to be able to do that. >> suarez: the chinese communist party ousts a once-powerful politician and prepares to unveil its new leadership. margaret warner has our update. >> woodruff: mark shields and david brooks analyze the weeks news. >> suarez: and from our "american graduate" series, we take an encore look at the story of an eighth grader who turns to journalism to tackle violence in his middle school. >> if i didn't have a-- i would probably be let up with the wrong people and doing the wrong stuff. >> woodruff: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: >> bnsf and carnegie corporation. >> and with the ongoing suppo
WETA
Sep 29, 2012 6:30pm EDT
big debate looms, 40 days to go as the candidates drill down on the economy. >> you think if we spend another $5 trillion on tax cuts for the wealthiest americans, all our problems are going to go away? >> his plan is the spluss, how did the first one go. how much of it did you get? it was cash for clunkers. did you get help from that? gwen: and duke it on foreign policy. >> i'm pretty certain there will be bumps in the road because in a lot of these places, the one organizing brell has been islam. >> he said the developments in the middle east are bumps in the road. [laughter] >> yeah, that was my reaction. bumps in the road? these are not bumps in the road. these are human lives. gwen: the candidates, the polls, the issues, the voters, we are in the heartland tonight. covering the week, charles babington of the associated press, nia-malika henderson of the "washington post." jim tankersley of "national journal" and jeff delaney of the "new york times." >> this is a special election 2012 edition of "washington week with gwen ifill and national jol"naur. public fding for "washington w
FOX News
Sep 29, 2012 11:00am EDT
. that's the way to get the economy going. worked for kennedy, for reagan, worked in the early part of the last decade. it will work again. >> we have to do something. since the recovery began, by the way, june 2009, household incomes are down 5.7%. that's since the recovery. when you're in a recovery, incomes are supposed to go up. >> yeah. what's disstressing and concerning is, at this point i don't know what governor romney has in mind. he's been saying all along he'll reduce taxes and shows up in ohio -- >> reducing tax rates. >> he shows up and says don't expect a huge tax cut, because what he's doing is lowering deductions and exemptions. great. i wonder if somebody will get around to telling me what those deductions and exemptions are that he's going to lower. he's been running for president for seemingly half a century and none of us know what he plans to do. i may like it, but he hasn't told me. >> the bottom line of what he's going to do, minus the specifics, he's going to lower tax rates by 20% for all income groups and get rid of the special deals and deductions that some of th
PBS
Sep 28, 2012 10:00pm PDT
, both candidates remained focused today on persuading voters they can boost the economy. but a key question at the heart of it all-- is the economy slowing, stalling, or perhaps even gaining strength in some ways? new data are sending conflicting signs. republican presidential nominee mitt romney campaigned today at a military academy in pennsylvania. romney promised better jobs for young people like the cadets sitting behind him and a better future for the entire country. >> we're in a very different road than what i think the people of the world expected from the united states of america. and if i'm elected president of this country, i will get us back on a road of growth and prosperity and strength. >> woodruff: today at a campaign event in washington, president obama shared a message of what he called "economic patriotism" tied to a strong middle class. >> but our problems can be solved, our challenges can be met. we've still got the workers in the world, the best universities, the best scientists, the best... we got the best stuff. ( laughter ) we just got to bring it together
FOX Business
Sep 28, 2012 9:00pm EDT
economy and romney. we have two jobs report left before the election. do you think -- well, what do you think the impact will be? >> i don't think there will be all that significant because if it was going to be significant in the jobs report obama would be toast. he has had 43 months in his term so far where the jobless rate is above 8%. now, and all of the time between 1948 and 2009 when obama took office in cumulative months and which the unemployment rate was above. some 39 months and 43 months in just three and a half years of his presidency. those are the staggering your numbers. yet people still say, well, he's trying really i've. lori: he wants to try to cut tax of year and a higher percentage. 75 percent individual income rate. >> it is absurd. there is no economic basis for that other than we don't think people ought to earn that much money, so we're going to take away. that is socialism at its very essence. and so you elected socialist president. voila. you're going to have socialist policy, and that is what you have. he comes out with a 75% tax rate i chased the wealth o
PBS
Sep 28, 2012 7:00pm PDT
stability oversight council headed by the us treasury said it is preparing to act to protect the economy. >> if investors get any sense that there might be a failure, they'll all race for the exit. and that's the equivalent of a run on the bank and there is no one there-- no one like a parent with capital or the fdic to supply capital if there's that kind of race for the exit. >> reporter: three options are on the table. instead of a fixed value of $1, money market funds could be required to use a floating value. regulators are also considering whether money market fund companies should hold some of their assets as a buffer against a surge in withdrawals or whether to require investors to wait before they can get back a portion of their money. the s.e.c. could try again to pass new rules, but if it doesn't, the stability council could decide some big money market funds need closer regulation. that idea worries fund companies. >> it would result in significantly more costs and regulation and who would want to invest in a fund that the federal government has designated as systemically impo
FOX News
Sep 29, 2012 7:00pm EDT
economy is limping along nationally. we got 23 million people struggling to find work. 15% of americans today are living in poverty. president obama came in with one party rule, and was able to pass nearly every item on his agenda. what we ♪ you do ♪ something to me ♪ that nobody else could do i knew it'd be tough on our retirement savings, especially in this economy. but with three kids, being home more really helped. man: so we went to fidelity. we talked about where we were and what we could do. we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean r
WHUT
Sep 29, 2012 7:00pm EDT
. >> we were expecting to have a deficit that was going to be about 7% of the economy and it turned out to be 9%. we did not have the time to react. so weak in our political manifesto, the main aim was that we were going to give spain what it needed. there were not actual promises but as a general promised to try to manage the situation. the figures were worse but we were struggling. >> what would the opposition socialist to differently? spain has one of the biggest property bubbles followed by the collapse. >> we want comprehensive reform of the fiscal system. it has to be more progressive. we know in spain that corporations only pay 11% from their benefits. at the same time, there is a large number of citizens who do not pay taxes to income tax. they are liberal professions like people who put all their revenues inside society. we believe there has to be changes and we have to have a more comprehensive system that is able to control everybody. >> won the budget was announced, it was predictable. this economy has already seen 65 billion euros out of it this year. today was confirme
FOX News
Sep 29, 2012 10:30am EDT
the obama administration on jobs and the economy saying the country needs quote, a pro quote tax quote that brings jobs home and calling for a repeal to the president's health care law. i'm jamie colby, back to cavuto on business, keep a right here and we will see you again, 30 minutes away. >> . >> neil: we'll call it a tale of two economies. there was confidence at the highest level we've seen since february and their bosses or appoint ceo's some of the largest companies in america, they're not feeling so rosie. ten out of seven expect hiring to be flatter, actually lower. and charlie gasperino, it's time to start? >> yes, i think that, again, i'm going it defend ben bernan bernanke. >> a shock. >> every time you say something-- >> i criticize him a lot. >> neil: i've never heard it. >> printing money and is necessary to prevent us from-- >> so you're worried and he's the only guy in the line of defense? >> you think there's somebody else? >> and mr. payne? is charlie going to bank on-- >> i'm sorry, i'm on to mr. payne. >> the ceo's-- the problem and they point specifically to
FOX News
Sep 29, 2012 4:00am EDT
making is that he wants to rub the entire u.s. economy from washington. that has gotten him into big economic trouble. blaming the continuing economic mess on president bush is hollow and cynical. it is the president's policies now that are driving economic results. 45 months is more than enough time to reignite the powerful economic engine. more that be enough time. you can't solve all all all the problems in that time. but you can certainly gain some economic momentum it. that has not happened. here are the facts. median income for american households down about 5,000 bucks in five years. very bad. health insurance premiums up 18% in three years. and going higher under obama care. awful situation. gas prices up 106% since mr. obama took office. a complete disationer. national debt up $5.4 trillion under the president and going higher. a catastrophe and while salaries for workers are flat or down, corporate profits are up, signaling more economic imbalance in america. now, it used to be that economic steps like those would doom, doom an incumbent president. that's not happening this
CSPAN
Sep 28, 2012 11:00pm EDT
community has been participating, provided a substitute economy and afghanistan to start up allow me to develop so far. is that the incentive? is there some economic incentive that brings them into this process? is it that that's going to solve the problem is it's not constitutional matters in human rights and everything clicks >> we need to start reducing the amount of money these then on afghanistan. >> howell to be sustainable within itself? >> the economic process is one where we have to keep helping the afghans fun the development for 10 years beyond what they get on with developing the mineral resources. at the same time, trying to execute a political process to reduce the pressure in the security forces and wouldn't have to be so proficient if there is a political process. you have to work on all these things at once. i've always said we must make our strategy dependent on the political deal with the taliban because that gives them a veto. you have to be a policy that says, here's the strategy that is not dependent on the taliban. the taliban to stop inciting and get an engage
CSPAN
Sep 28, 2012 8:00pm EDT
start with your views on the global economy and perhaps you could start with europe and make your way around the world and perspective on what you see in terms of growth and perhaps more importantly you know, what are the challenges that we are going to have to deal with over the next period of time? >> there's not enough time for all the challenges but let me give you some perspective. let me get to -- let me give away the punchline. the punchline is i think in a world races, the world is not going to come to coming to an end. we are going to muddle through but there are a lot of challenges and a lot of risks that i think the largest outcome come the largest for signage likely outcome by far is that we get through it and a lot of action were to be taken to offer some relief but there are several things that could cause things to derail in which case it would be a lot tougher for a lot longer. but you asked about europe. i think the biggest problem that europe has is growth and the risk problem is the go off the rail, bus stop of the euro. a few months ago we would have said that the
MSNBC
Sep 29, 2012 2:00pm EDT
the ho-hum convention or the leaked video or stuart stevens or the improving economy or media bias or distorted polls or the message or mormonism, it's mitt." what does mitt romney have to do in this first debate to change the narrative that he is, in fact, a flawed candidate? >> i think it's sort of stating the obvious. in every campaign where there are problems, be it staff problems, be it message problems, there's always a lot of criticism that goes around it. ultimately, the candidate is responsible and it all comes from the top. so i think to conclude that mitt romney is responsible for whatever problems he had is probably an easy conclusion to have to make. obviously, in the debates, he's going to have to perform well, he's going to have to perform succinctly, and we've seen him do that in the past, as you have been discussing. he has been able to go on -- all throughout the republican primaries, he was able to at moments when expectations for him were extremely low, go in and surpass them. and if he keeps his cool and he knows his stuff, i think he'll probably be able to do tha
SFGTV2
Sep 28, 2012 10:00pm PDT
state of the real estate economy here in san francisco and as i do that, i always have to think about what to say that mary hasn't already said about it. and if you look at the real estate economy generally in our nation, and the fact that it is still soft. that we still need more jobs. that there is a recovery, but it's a slow recovery. you can't do that without thinking gee, will i sound like a politician for one or the other major political parties? and so i will steer clear of that and focus instead on san francisco and maybe we're living in a bubble, but it's a pretty wonderful bubble to be living in. the real question is the resurgence of real estate we're seeing now, is that sustained growth? is that just, you know, for the moment? but as i look at it, we're putting in place an awful lot of things that shape what our city looks like in the future, how our city operates, how we interact with our city. as i started to think about that, i thought, you know, the number of major infrastructure projects going on in our immediate region now are probably -- there are probably more doll
MSNBC
Sep 29, 2012 5:00am PDT
bill clinton really nailed it at the convention. he said -- i think you do have a point, the economy is not in good shape. the middle voters, which are the voters -- who are the voters that mitt romney needs to speak to, what they're hearing is that we want to reduce taxes on the rich and deregulate again. that's what got us into trouble. you know, if they think that we are just going to repeat the things that brought us the terrible problems we had in 2007 and 2008, that's not going to resonate. i don't think that is his message and that's what's coming across. they need to focus on that and not whose poll is right. >> do you think that's the product of some tactical errors or the product of a broader shift in the balance of power within the coalition that is the republican party? >> i think it is part of the balance of power. there's a certain -- ats the extreme, there's a certain core that just wants to unseat this incumbent no matter what and they don't understand that you need to provide an alternative. people are not going to vote against somebody. they've been burned before. t
SFGTV
Sep 28, 2012 9:00pm PDT
patronizing small business. >> okay. the resulting economy has resulted in internet base for short term rentals and many of the rentals are illegal and the hotel tax is not collected. should the city legalize some or all of the arrangements and collect a hotel tax and we will begin with you -- i will be glad to repeat the question. >> i honestly don't know how you would enforce a law like that. of course everyone should pay their fair share but i don't know how you could enforce that. i believe we should standardize the inlaw units, maybe sure they're up to code and regulate any new units but as far as taxation i cannot see how you could actually enforce that and collect the taxes on it. >> thank you sir. mr. yee. >> cheryl i just want to make sure -- >> i can repeat it. there is internet base market for short base rentals and they sublease units to visitors and tourists and many are illegal and the city's hotel tax is not collected. should the city legalize these arrangements and collect the hotel tax? >> i traveled to different countries and i go to the internet and they have hotels a
SFGTV2
Sep 28, 2012 6:00pm PDT
," and we're here because we live in a global cloueconomy. it has altered local economies because so many manufacturing and technology jobs are moving, whether it is a matter of costs for going where the trained work force is. we're fortunate to have to governors here to talk about how that change affects their jobs and what they're doing to jump- start their economies which compete with one another. this could be fun. let me start with our guest. governor hickenlooper. i knew that was going to happen. most of us here are pretty much aware of california's budget crisis. can you give us a quick briefing on where colorado is and what you are trying to do to turn things around? >> our budget is just as dressed as almost every state in the country. we have been working trying to control costs, get our pension funds in line, our state employees have not had a raise in four years. it has been difficult all the way around. the real challenge has been to try and turn public sentiment and get people to recognize it without a strong economy. it will not solve any of these problems. we have been rel
CNN
Sep 29, 2012 7:00am PDT
economy, talking about the deficit, talking about four years of president obama would be detrimental to the country. it's pretty plain and simple. president obama and republican nominee mitt romney are laying low today because they're getting ready to prepare for the debate, so it's the number 2s on the campaign trail. right behind me here, here's paul ryan stumping here in new hampshire, a crucial battleground state. when he's done here, he goes to ohio later today. another very big important battleground state. and that's the whole idea here, as the president and mitt romney get ready for the debate. paul ryan and vice president joe biden are on the campaign trail. specific new hampshire. the race here is kind of close. the most recent poll shows president obama with a five-point advantage over mitt romney. definitely a very close contest here in new hampshire. this is a state that may not know paul ryan very well, but knows mitt romney very well, who was governor of neighboring massachusetts. he owns a vacation home here in new hampshire. spends a lot of time in this state. >> tha
CSPAN
Sep 29, 2012 2:00pm EDT
continue stagnation. the choice is very clear. do we want a dynamic, growing economy that fosters opportunity or do we want a stagnant economy that fosters dependency? that is not who we are. we want to live free and prosper. we want to believe. [applause] when president obama came into office, he inherited a tough situation. the problem is the obama economic agenda failed, not because it was stopped. it failed because it was passed. do not forget this. he came into office with the ability to pass anything of his choosing. he did that. remember the stimulus? remember the idea that if we borrow $831 billion and spend it on pet projects and interest groups, they said unemployment would never reach 8%. we would be growing at 4% a year right now. unemployment has been above 8% for 43 months. our economy last quarter stalled at 1.3%. what is worse for all of these promises about cutting the deficit, growing the economy, bringing people together in a bipartisan fashion -- i will not even get into the oceans and tides. [laughter] i have heard that one. all of these promises were made. th
Search Results 0 to 49 of about 200 (some duplicates have been removed)